Thursday, September 13, 2007

The buffer has been used…

Bank's £4.4bn of extra liquidity snapped up

The survey also showed that more than two-thirds of respondents expect borrowing costs to rise again in the next 12 months. Only 4% thought they would fall.

Posted by inbreda @ 02:02 PM (938 views)
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5 thoughts on “The buffer has been used…

  • I don’t understand – what’s going on here? Is this god or bad for us HPCers ultimately? I thought the BOE wasnt intending helping the banks with extra cash injection!
    I am completely lost now…..

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  • dohousescrashinthewoods says:

    Interesting – everyone held off the last lot, but this tme the cake has been snarfed.
    Does this mean there is a desperate hunger for liquidity?

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  • The Bank of England is desperately trying to prop things up – reminscent of when we crashed out of the ERM in 1992.

    That time it took £3.2bn. So far, to shore up this trainwreck has cost the UK taxpayer over ten times that amount.

    Capitalism for the poor, socialism for the rich.

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  • I’m not an expert but it’s probably to go towards covering all the commercial paper that needs refinancing in Europe by friday, £140 Billion worth.

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  • Thankfully this looks like the crisis is finally over hence houses will continue to boom..

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